RP stocks may continue to rise next week: analyst
11/07/2009 2:05 AM
Astro del Castillo, managing director of First Grade Holdings, talks to Business Nightly about this week's market performance. He says the Philippine Stock Exchange index rose 0.79% over the week due largely to speculation surrounding the sale of the Lopez family's remaining stake in power retailer Manila Electric Co. Next week, del Castillo says the key index may continue its upward trend on a more solid footing: strong corporate earnings results. Among those scheduled to release their third-quarter financial reports in are Ayala Corp. and its units.
